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Jan 25, 2013
01/13
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it could be a completely different environment. many of those doomsday people are still expecting a mess, politically. after a while, you start to say, when will be the time that we do not get a last-minute deal? there is some percentage that fear that. is it reasonable? >> i think that is true. there certainly are some possibilities. the real fear has been kind of dissipating from the market. for example, we have lowered the downside scenario from 30% to 15%. as we look forward to the u.s. economy, there really are a lot of positives. housing is coming back very nicely. job growth has picked up a little bit. consumer confidence with the house prices and stock prices rising. that is coming back. that will be a big support to consumer spending. gas prices are not outrageous. i could give you a list of maybe 30 companies, a new factoring companies, that are looking to move their manufacturing back to the u.s. connell: we have seen a lot of that. you are right. bob, thank you. the third guest to be positive this hour on the housing ma
it could be a completely different environment. many of those doomsday people are still expecting a mess, politically. after a while, you start to say, when will be the time that we do not get a last-minute deal? there is some percentage that fear that. is it reasonable? >> i think that is true. there certainly are some possibilities. the real fear has been kind of dissipating from the market. for example, we have lowered the downside scenario from 30% to 15%. as we look forward to the...
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Jan 25, 2013
01/13
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it is a friendly environment. great education. dublin is a great city. they will build themselves out. they have done a great job coming back from the bailout. the way they're doing it is focusing on jobs, jobs, jobs. liz: you're one of some 20, not many firms who have been granted the ability to do trading on behalf of the federal reserve and behalf of the government. if they were to finally tighten rates, would that help your business a bit? i know it might hurt the commercial real estate business but, you know, rates at zero to 1/4% have killed certain segments of business out there. >> of course. i mean you have a two-year note at .2. what kind of rate is .2? that is not interest rate. you have a million dollar investment and u.s. treasury and buy coffee. liz: that changed under my sofa seats. >> what you're going to see when this $7 trillion of this liquidity, quantitative easing, that the federal government has thrown in, sloshing around causing these rates to be so, so, low, it really made u.s. treasurys a noninvestable good. it is a storage facil
it is a friendly environment. great education. dublin is a great city. they will build themselves out. they have done a great job coming back from the bailout. the way they're doing it is focusing on jobs, jobs, jobs. liz: you're one of some 20, not many firms who have been granted the ability to do trading on behalf of the federal reserve and behalf of the government. if they were to finally tighten rates, would that help your business a bit? i know it might hurt the commercial real estate...
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Jan 24, 2013
01/13
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>> global warming is a real issue and what is the most of corn tissue of our time, the environment we live in. obviously we have to protect it. i think that is a possibility and probably something that may be effective. stuart: wouldn't do any good? >> if we could get bipartisan support, it could -- stuart: when it would lower carbon emissions in a miniscule, may be lower the temperature is your.1% over a longer period of time. it is just a fund of money. that is why -- that is what it is all about. >> those dollars would be used for other efforts to control and focus on changing climate. stuart: they would just fill government coffers with that the needed money. >> if that is the case they wouldn't be a good thing. stuart: when you are if in favor of carbon tax to raise money. >> i am not. i am in favor of it as a way of controlling, beginning to control global warming and giving resources to combat it. stuart: i want to bring you the answer to the quiz we brought you before the break. we asked who said this? i am quoting directly. i am so tired of hearing that the rich are not payin
>> global warming is a real issue and what is the most of corn tissue of our time, the environment we live in. obviously we have to protect it. i think that is a possibility and probably something that may be effective. stuart: wouldn't do any good? >> if we could get bipartisan support, it could -- stuart: when it would lower carbon emissions in a miniscule, may be lower the temperature is your.1% over a longer period of time. it is just a fund of money. that is why -- that is what...
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Jan 24, 2013
01/13
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all-time highs, the russell 2,000 all-time highs, small caps what i am referring to and that is from the environment we are seeing, the fact the we have tough earnings from apple waiting on the nasdaq which is a tech heavy composite index. we are seeing a winning day on wall street. phil flynn, the latest at the stock exchange in chicago. jeff: oil prices are rebounding from a big scare yesterday on the seaway pipeline. word that a glitch shut the pipeline down or reduced by half raised concerns that the flood in oklahoma would build back again. news today that it will be a short-term situation, they should get back to full capacity. 4,000 barrels a day by next week bringing the market back up. more oil down in the gulf of mexico is bullish. more in line with the global market to get the oil out the world, natural gas today, we have a bigger drawdown than expected, natural gas still down, a reversal on this cold weather. back to you. cheryl: we are looking at starbucks after dismal earnings reports, had come up with something to look at "after the bell" that might be decent, the real story with star
all-time highs, the russell 2,000 all-time highs, small caps what i am referring to and that is from the environment we are seeing, the fact the we have tough earnings from apple waiting on the nasdaq which is a tech heavy composite index. we are seeing a winning day on wall street. phil flynn, the latest at the stock exchange in chicago. jeff: oil prices are rebounding from a big scare yesterday on the seaway pipeline. word that a glitch shut the pipeline down or reduced by half raised...
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Jan 24, 2013
01/13
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so we've got to get back to an environment where we have positive business investment. the easiest way to do it by the way is look at the tax side. ashley: yeah. >> we can still have a tax structure that is completely progressive but we have to continue to focus on structures that will enhance the ability for, for businesses to invest. ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley: have to leave it right there. ed lazear, thanks so much for joining us. really appreciate it. >> thank you. tracy: especially when the rich keep moving. ashley: that's right. good point. tracy: follow the golfers. as we do every 15 minutes we check the markets now. nicole petallides on the floor of the stock exchange. good day for the drugmakers, huh, nicole? >> it is. look at some names on the move after earnings, latest drugs, clinical trials and mostly good news here, look at bristol-myers up 2 1/2% for bmy. they did beat street expectations. they're posting gains doing very well with that.
so we've got to get back to an environment where we have positive business investment. the easiest way to do it by the way is look at the tax side. ashley: yeah. >> we can still have a tax structure that is completely progressive but we have to continue to focus on structures that will enhance the ability for, for businesses to invest. ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley:...